Apax Partners sells Voyager HospiceCare, Inc. to Harden Healthcare, LLC
4 August 2010
New
York, August 4, 2010 - Apax Partners today announced that it has
completed the sale of Voyager HospiceCare, Inc., a provider of
hospice and home health services in the United States, to Harden
Healthcare, LLC. Terms of the transaction were not disclosed.
Voyager HospiceCare, which serves over 2,500 patients daily and has
over 60 locations across seven states, was formed through several
acquisitions completed in partnership with Apax over the past
several years. Currently, Voyager is comprised of four
hospice operating subsidiaries -- American Hospice, Hospice Care of
Kansas, American Heartland Hospice and Iowa Hospice, as well as
several early-stage home health businesses. Voyager's key
hospice markets include Kansas, Missouri, Iowa and Texas, while its
home health business is active in Colorado, Alabama, California and
Texas.
Buddy Gumina, Partner and Global Co-Head of the Apax Healthcare
team, commented: "We are pleased to have worked with a very strong
management team in building Voyager HospiceCare into a great
hospice and home health platform. Voyager's commitment to its
patients and quality of service have been integral to its past and
expected future success."
Healthcare is one of the five sectors in which Apax Partners
focuses exclusively. Significant recent investments by the
Apax Partners Healthcare team include: Marken, a global leader in
clinical trial logistics; TriZetto, a leading healthcare IT company
in the U.S.; Qualitest, a leading generic pharmaceutical
manufacturer in the U.S.; General Healthcare Group, the largest
private hospital group in the UK; Capio, a leading pan-European
hospital group; Unilabs, a leading European clinical laboratory
business; and Apollo, India's largest private hospital group.
About Apax Partners
Apax Partners is one of the world's leading private equity
investment groups. It operates across the United States,
Europe and Asia and has more than 30 years of investing
experience. Funds under the advice and management of Apax
Partners globally total around $35 billion. These Funds provide
long-term equity financing to build and strengthen world-class
companies. Apax Partners Funds invest in companies across its
global sectors of Tech & Telecom, Retail & Consumer, Media,
Healthcare and Financial & Business Services. For more
information visit: www.apax.com.
About Voyager HospiceCare, Inc.
Voyager HospiceCare, Inc. was founded in 2004 as a hospice
company, with headquarters in Fort Worth, Texas. Home health
services were added in June 2008. The company's goal is to broaden
the knowledge and acceptance of hospice and home health services
among all groups-physicians, continuing care facilities, hospitals,
and individuals and families/loved ones facing illness. Voyager
HospiceCare is focused on continually advancing and improving the
level of quality with which hospice services are administered. For
more information, visit:
www.voyagerhospicecare.com.
For further information, please contact:
Ben Harding
Apax Partners
Tel: +44 (0)20 7872 6401
Email: ben.harding@apax.com
Todd Fogarty
Kekst and Company
Tel: +1 212 521 4854
Email: todd-fogarty@kekst.com